Big Day For Biden Stocks

It was a who’s who of Biden plays taking off following the passage of his fucking infrastructure bill. Back in the old days things like this were priced in and stocks would trade lower after the news hit. But today, since everyone is dumb, shit pops after news hits we already knew about. This dichotomy of markets makes it difficult for people with IQs higher than 110 to trade — which is why MEME stocks and the dumbest people on the planet are getting rich, carelessly.

Today’s winning themes, via Stocklabs.

I made just 61bps today, repeating what I have been repeating for months now, which is selling the open, trying my hand at lunch time trade only to drawdown into it and forced to pare down losses into the bell. I had gains of 110bps and said gains were halved for a numbers of reasons, namely the desire to participate in the depravity. Perhaps I shouldn’t. Perhaps this market is too glib to conform with my personality? I feel very strongly about markets and personalities and how some tapes meld well with some and perfect with others.

I went heavily long into the close besides my better judgement, hedged with some TZA — because the intelligence algos in SL said to do so. Sometimes it helps have advanced algorithms at your finger tips, to guide you though and out of troubling tapes.